# Finance (No. 2) Act 1997, Paragraph 23

Extent: E+W+S+N.I.

Where a foreign income dividend paid by a company before 6th April 1999—
(a) is received by a person on or after that date, and
(b) is not one in relation to which section 246D of the Taxes Act 1988 applies,
the recipient shall be treated, for all purposes of the Tax Acts, as receiving instead a ... distribution made by a company resident in the United Kingdom of an amount equal to ... the amount of the foreign income dividend.

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Source: https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/23 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-1997/schedule-6/paragraph-23
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.